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Compare and contrast the asset liability method

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Reference no: EM13971420

SFAS No 109, Accounting for Income Taxes, requires companies to use the asset-liability method of interperiod income tax allocation.

Required:

a. Discuss the criteria for recoginizing deferred tax assets and differed tax liabilities under the provisions of SFAS No. 109.

b. Compare and contrast the asset-liability method and the deferred method. 

Reference no: EM13971420

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